The news is that Paulson is now going to invest money that we don't have in the failing banks, because all the other drastic and expensive measures he has attempted haven't done a darn thing. Question one is why in tar hill does one person have so much unchecked power in this land? Question two is why oh why doesn't he just leave well enough alone? A recession is inevitable. Just let the free market system do its thing.
The article I read today about AIG blowing through $85 billion dollars in a few days, and then coming back and begging for -- and getting-- $37 billion more makes me very, very angry. Especially this part: days after receiving part one of the handout, the top execs followed through with a $440,000 vacation retreat, including $23,000 spent at the spa. They don't even have a semblance of integrity, nor are they making any efforts whatsoever to hide their corruption. How are they getting away with this?